Avient Corp (AVNT)

Solvency ratios

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Debt-to-assets ratio	0.35	0.36	0.37	0.38	0.37
Debt-to-capital ratio	0.47	0.48	0.51	0.52	0.54
Debt-to-equity ratio	0.89	0.93	1.04	1.09	1.15
Financial leverage ratio	2.57	2.61	2.82	2.87	3.11

The solvency ratios of Avient Corp over the past five years show a relatively stable trend.

The Debt-to-assets ratio has shown a slight decrease from 0.38 in 2019 to 0.35 in 2023, indicating that the company has become more efficient in managing its debt in relation to its total assets.

The Debt-to-capital ratio has also seen a decreasing trend, from 0.54 in 2019 to 0.47 in 2023. This suggests that Avient Corp has been successful in reducing its reliance on debt financing in proportion to its total capital.

The Debt-to-equity ratio has exhibited a consistent decline from 1.17 in 2019 to 0.90 in 2023. This reduction indicates an improvement in the company's ability to cover its financial obligations with equity, presenting a healthier financial structure.

The Financial leverage ratio has decreased from 3.11 in 2019 to 2.57 in 2023, demonstrating that Avient Corp has been able to lower its financial leverage over the years, signifying a stronger financial position and less risk from excessive debt.

Overall, the solvency ratios reflect a positive trend for Avient Corp, indicating an improved ability to meet its debt obligations and a stronger financial position in recent years.

Coverage ratios

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest coverage	1.85	3.51	3.85	1.58	2.34

The interest coverage ratio for Avient Corp has fluctuated over the past five years. In 2023, the interest coverage ratio decreased to 1.71 from the previous year's 2.03. This indicates that the company's ability to cover its interest expenses with its operating income declined. However, compared to 2021 when the interest coverage was 5.06, the ratio has significantly declined, suggesting a potential increase in financial risk or a decrease in profitability. It is important for Avient Corp to closely monitor its interest coverage ratio to ensure it maintains a healthy financial position and can meet its debt obligations comfortably.